News and Advisories

Kittelson & Carpo Consulting – News and Advisories

We provide monthly updates on the latest news that affect doing business in the Philippines as well as the newest advisories from government agencies that regulate the operations and compliance of local and foreign companies in the country.

SEC Grace Period Loans

06 Oct: SEC Implements One-Time Grace Period for Payment of All Loans in the Philippines

The Securities and Exchange Commission (SEC), in a public notice dated September 21, 2020, has implemented a mandatory one-time 60-day grace period covering all existing, current, and outstanding loans as a relief to borrowers pursuant to Republic Act (RA) No. 11494, otherwise known as the Bayanihan to Recover As One Act.